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Corporate Banking

Secured Loans under a Standby L/C

Introduction

Secured loans under a standby letter of credit refer to the loans that our bank extends to Chinese- and foreign-invested enterprises under the provided guarantee of a standby letter of credit that is issued by a foreign financial institution.


Scope of application

Foreign-invested enterprises.


Features

Solve the problem of insufficient financing capability of domestic enterprises with the help of foreign parent company.


Conditions

1. Customers submit a business application to our bank.

2. The format of the standby letter of credit is determined based on the version that is finally approved by our bank.

3. Our bank carries out internal examination and approval procedures on the loan applicant's qualification, credit status, financial situation, difference between the investment and registered capital, usage of the borrowing, and the like.

4. Our bank releases the loans after receiving the standby letter of credit that is issued by a foreign financial institution, reviewing its effectiveness and integrity, and confirming the consistency with our bank's requirements.


(Note: For details, please call 961 111 or come to the nearby GRCB outlet.)

Call Centre 961111 Micro Loans Services

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